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Paradise Corp. has determined a standard labor cost per unit of $8.00 (1 hour $8.00 per hour). Last month, Paradise incurred 1,200 direct labor hours
Paradise Corp. has determined a standard labor cost per unit of $8.00 (1 hour $8.00 per hour). Last month, Paradise incurred 1,200 direct labor hours for which it paid $9,000. The company also produced and sold 1,250 units during the month.
Calculate the direct labor rate, efficiency, and spending variances. (Round your intermediate calculations to 2 decimal places. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable.)
Direct labor rate
Direct Labor efficiency variance
Total Direct labor spending variance
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